New Wafd Party

The New Wafd Party is a national liberal political party in Egypt that was founded on 4 February 1978. The party was a recreation of the old Wafd Party, which was banned following the Egyptian Revolution of 1952. The new party was banned just months after its foundation, and it was revived after President Anwar Sadat's assassination in 1981. The New Wafd Party sought to provide an ideological center between socialism and capitalism, and it opposed foreign private investment in favor of a balanced approach to the relationship between private and public sectors. In 2017, the party held 36/596 House of Representatives seats.